Aviation Analytics Market for (Airlines and Airports) End-Uses, by Business Function (Finance, Operations, Manufacturing & Repair, Sales & Marketing and Supply Chain) for Fuel Management, Flight Risk Management, Revenue Management, Customer Analytics, Navigation Service And Inventory Management Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 09/21/2016 -- The report covers forecast and analysis for the aviation analytics market on a global and regional level.According to the report, global demand for aviation analytics was valued at USD 1.90 billion in 2014 is expected to reach USD 4.20 billion in 2020 and is anticipated to grow at a CAGR of 14.30% between 2015 and 2020.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the aviation analytics market on a global level.
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Key augmenting drivers of global aviation analytics market include information technology advancements in the field of analytics with respect to aviation industry, structured and unstructured data explosion, and rising usage of cloud-based services. Additionally, increasing volume of data generated in aviation industry is expected to drive the demand for aviation analytics. However, diversity of data models based on business needs is likely to hinder the demand for aviation analytics. Furthermore, increasing demand for real-time analytics in the aviation industry may open new avenues for key participants of aviation analytics market.
Airports and airlines are the prime end-users of global aviation analytics market. In 2015, the airlines end-user represented the biggest share, of more than 60% in the market. Moreover, it is also projected to remain dominant in the coming years due to the high penetration of advancing technology in the industry.
On the basis of business functions, the global aviation analytics market is segmented into finance, operations, manufacturing & repair, sales & marketing and supply chain. Amongst these, finance led the business function segment of the global aviation analytics market. It accounted more than 30% share of the market. Finance was followed by operation business function. However, operations and sale & marketing segment are projected to exhibit positive impact on the market growth within the forecast period.
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In order to give the users of this report a comprehensive view on the aviation analytics market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces end-usesl for the aviation analytics market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
The study provides a decisive view on the aviation analytics market by segmenting the market based on end-user, business function, application and region. Based on end-user, the aviation analytics market can be segmented into airlines, airports and others. The major business functions covered under this study include finance, operations, supply chain, maintenance & repair, sales & marketing and others. The key applications covered under this include fuel management, flight risk management, revenue management, customer analytics, navigation business function, inventory management and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africawith its further bifurcation into major countries including U.S., Canada, Germany, France, UK, Italy, China, Japan, India, Australia, South Korea, UAE, Saudi Arabia, Israel, Argentina and Brazil.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. The key players of IBM Corporation, Oracle Corporation, SAP SE, General Electric, SAS Institute, Ramco International, Booz Allen Hamilton, MU -Sigma, Mercator, Aviation Analytics Ltd and Airport Analytics (AA+).
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This report segments the aviation analytics market as follows:
Aviation Analytics Market: End-User Analysis
Aviation Analytics Market: Business Function Analysis
Maintenance & Repair
Sales & Marketing
Aviation Analytics Market: Application Analysis
Flight Risk Management
Navigation Business function
Aviation Analytics Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East & Africa